5758 W 65th Street
Chicago, IL 60638

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Description

Prime investment opportunity near Midway Airport on high-visibility 65th St corridor! Corner mixed-use building (former successful bar) with upgraded 3BR/1BA apartment above featuring modern finishes, granite countertops, and stainless steel appliances. Property includes SIX parcels-building sits on 50'x129' lot + additional vacant lot 150'x129' for a total of approx. 200' of frontage. M1-1 zoning offers flexible use options and excellent redevelopment potential. Perfect for restaurant, cafe, bar, brewery, coffee shop, retail, or live-work concept. Strong traffic, great exposure, and easy access to Central Ave, Midway Airport, and I-55. Outstanding opportunity to invest, develop, or operate your business in the bustling Midway/65th St commercial corridor.

Features

• Property Type: Commercial
• Sub Type: Mixed Use
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60638
• Year Built: 1931
• Stories: 2
• Units: 2 units
• Zoning: MANUF
• # Of Apts: 1
• # Of Dryers: 1
• # Of Ranges: 1
• # Of Refrigs: 1
• # Of Stores: 1
• # Of Tenants: 1
• # Of Washers: 1
• Additional Parcels: Yes
• Approximate Age: Older
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick
• Cooling: Central Air
• Directions: Cicero to 65th St West to address
• Electric: Circuit Breakers, Service - 101 to 200 Amps
• Electric Expense: 360
• Fire Protection: Carbon Monoxide Detector(s)
• Foundation Details: Concrete Perimeter
• Fuel Expense: 1956
• Geographic Locale: Chicago South
• Gross Income: 18000
• Gross Rent Multiplier: 8.8
• Gross Scheduled Income: 18000
• Heat/Ventilation: Central Heat/Indiv Controls, Forced Air
• Information: List Broker Must Accompany
• Insurance Expense: 2200
• Location: Central Business District, Corner, Mixed Use Area, Public Transport Avail, Airport/Runway Nearby, In City Limits, High Traffic Area
• Lot Size Square Feet: 25800
• Main Type: Commercial Sale
• Outdoor Parking: 51-100 Spaces
• Ownership Type: Leasehold
• Roof: Membrane
• Roof Structure: Flat
• Tax Annual Amount: 14296.64
• Tax Year: 2023
• Tenant Pays: Air Conditioning, Electricity, Heat
• Total Monthly Income: 1500
• Township: Stickney
• Trash Expense: 1200
• Utilities: Electric to Site, Natural Gas Available, Cable Available, Fiber
• Water Drainage: Storm Sewers
• Water Sewer Expense: 600
• Water Source: Municipal Water